Semiconductor shortage easing and market share gains for segment leaders helped sales recovery in 4QFY22. Resumption of commodity price hikes and supply chain problems due to the Russia- Ukraine war to impact qoq profits of 2W makers like Bajaj Auto & TVS. Nifty Auto index P/E valuation easing to mean level leads to our preference for auto-makers over component-makers.
Equity Analysis /
IndiaIN : Auto & Parts - Overall - 4QFY22F results preview
Pramod Amthe
Analyst @ CGS-CIMB
Hitesh Thakurani
Analyst @ CGS-CIMB
12 April 2022

12 April 2022
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